Wall Street analysts like these regional bank stocks if you can withstand the chaos in the market

📆 9-5-2023 20:47:00
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Some regional bank stocks appear more likely to rebound than their peers, according to Wall Street analysts.

The continued slide for regional bank stocks after the failure of First Republic last week has created some buying opportunities in the sector, according to Wall Street analysts. Morgan Stanley analyst Manan Gosalia said in a note to clients on Tuesday that first-quarter earnings reports showed that mid-sized banks are in better shape than their stock market performance would suggest.

mountain Huntington's stock is down about 30% on the year. For investors who want to stick to the larger regionals, Piper Sandler analyst R. Scott Siefers made the case for Fifth Third Bank in a note to clients on Tuesday. "This strikes us as a very well-managed, 'down the middle' name in a highly uncertain environment, and we like the attractive valuation.

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